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NJ online poker players could spend up to $65M first year

NJ online poker players could spend up to 65M first year

According to an article published by Card Player, a new study has surfaced showing online poker players in New Jersey could spend up to $65 million during the first year of a regulated and legalized online poker market. This new market is set to launch late November, most probably around the 26th.

Initial estimations put the figure for the first 12 months between $36 million and $65 million but it also estimates it could grow to as much as $92 million within the first ten years of operation.

The study, which was conducted by PokerScout and Academicon, took into consideration data from 4.6 million real-money online poker players from between 2009 and 2010 (before Black Friday).

Atlantic City has 12 casinos which will be allowed to go online with gambling and poker being offered to residents of the state, according to the Division of Gaming Enforcement. The activity will be closely monitored and regulated starting November 26th and after an initial 5 day testing period. New Jersey will become the third state to regulate online gambling in the USA, after Nevada and Delaware.